Last Will Testament V2.1

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Consider creating a Last Will if you any of the following applies to your current situation: Traveling or living abroad for an extensive period of time Change residences or purchase a new home Serving in the military or armed forces Gained new wealth, assets, or property Recently married or divorced New parent or grandparent Concerned pet owner WHAT SHOULD BE INCLUDED A simple a Last Will Testament will identify the following basic elements: Assets: either real assets (tangible personal property, land, or home), digital assets (online accounts, social networking, or domain names), or money in various accounts that should be distributed according to your wishes Beneficiaries: your spouse, children, relatives, and friends who you want to receive your property Executor: who will be granted the power and authority to wind up your affairs and carry out your wishes stated in the Will, as well as the extent of their discretion Guardian: who will take care of your children under the age of 18 years if you and your spouse pass away unexpectedly Pet Caretaker: if you have certain animals who will need to be taken care of after you pass, you should name responsible caretakers and can even designate certain funds to be used so that it does not become a financially burden on your friend Probate Bonds: if you pass away without a Will, the court will appoint an Executor or Administrator to oversee the distribution of your property but a probate bond is often required to protect the heirs from any possible mismanagement or fraud -- appointing an Executor of your choosing is often coupled with a statement that you will not require them to post a probate bond Residuary Estate: anything left in your estate after all debts have been paid should then be distributed according to your preferred priority Signatures: you and your witnesses must sign but check your state laws about who can serve as witness (i.e..


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Nothing on this site shall be considered legal advice and no attorney-client relationship is established.


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